Annual TIF Joint Review Board Meeting Thursday April 13 at 8:30am

State law requires that the Mayor of the City of DeKalb at least annually convene a meeting of the Joint Review Board for the City’s Tax Increment Financing Districts. The required annual meeting of the City of DeKalb Joint Review Board is Thursday, April 13th at 8:30 AM at the DeKalb Municipal Building, 200 South Fourth Street, DeKalb. Such meetings are usually held in December.

The JRB is made up of a representative from each of the overlapping governments that receive property taxes from a DeKalb property owner and one member from the public at large. On the agenda is the election of one member of the public at large for each of DeKalb’s two TIF districts. The background material does not identify any candidates for the public at large membership.

The following members of Joint Review Board were present for the 2015 annual JRB meeting: Rob Galick, Kishwaukee Community College, Jason Magnum, DeKalb Park District; Christine Johnson, DeKalb County; Eric Johnson, DeKalb Township. Also present was: Anne Marie Gaura, City of DeKalb; Cathy Haley, City of DeKalb; Ellen Divita, City of DeKalb; and Jennifer Diedrich, City of DeKalb.

According to the minutes, no member of the public at large was identified or elected at the 2015 meeting.

The purpose of the meeting other than to elect a member of the public at large is discussion and review of the 2016 annual report for the Central Area TIF and TIF 2 redevelopment project areas submitted to the Office of the Illinois Comptroller and distributed to all affected taxing districts pursuant to 65 ILCS 5/11-74.5-5(d) as to the effectiveness and status of the redevelopment project areas.

Public comment follows the discussion and review.

Since the Central Area TIF was established in 1986 the Cumulative Total Revenues/Cash Receipts collected amounts to $167,024,069. For the year ending June 30, 2016, $3,763,301 of eligible TIF expenditures were disbursed as follows. The single largest private investment expenditure was $1.5 million granted to the Brian Bemis auto dealership to keep them from moving to Sycamore.

Category of Permissible Redevelopment Cost Amounts
Costs of studies, administration and professional services. Including transfers to the General Fund. $698,414.00
Costs of marketing sites. $1,246.00
Property assembly: property acquisition, building demolition, site preparation and environmental site improvement costs. $315,139.00
Costs of rehabilitation, reconstruction, repair or remodeling of existing public or private buildings. $139,471.00
Financing costs related to obligations issued by the municipality. $1,068,663.00
Economic Development Incentives $1,540,369.00

TIF 2 was established in 1995. Cumulative Total Revenues/Cash Receipts collected  amounts to $17,581,477. For the year ending June 30, 2016, $479,442 of eligible TIF expenditures were disbursed as follows. The single largest private investment expenditure was $154,947.59 rebated to the Target Corporation distribution center at Park 88.

Category of Permissible Redevelopment Cost Amounts
Costs of studies, administration and professional services. Including transfers to the General Fund. $115,692.00
Costs of rehabilitation, reconstruction, repair or remodeling of existing public or private buildings. $152,082.00
Costs of construction of public works and improvements. $56,720.00
Economic Development Incentives $154,948.00

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Types of Eligible Costs

The eligible uses for TIF funds are provided in Illinois’ Tax Increment Allocation Redevelopment Act (65 ILCS 5/11-74.4-1 through 11-74.4-11): the TIF Act. The Illinois TIF Act generally authorizes that TIF funds may be used for:

  • The administration of a TIF redevelopment project.
  • Property acquisition.
  • Rehabilitation or renovation of existing public or private buildings.
  • Construction of public works or improvements.
  • Job training.
  • Relocation.
  • Financing costs, including interest assistance.
  • Studies, surveys, and plans.
  • Marketing sites within the TIF.
  • Professional services, such as architectural, engineering, legal and financial planning.
  • Demolition and site preparation.

Some restrictions may apply, so review the full Act for the list of TIF-eligible costs.


DeKalb’s TIF District #2

One thought on “Annual TIF Joint Review Board Meeting Thursday April 13 at 8:30am

  1. What a novel concept that the taxpayers should know how those dollars are spent and why. I have a very difficult time understanding how our elected officials seem to have no clue that no clue of transparency when spending taxpayer’s dollars.

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